Friedlob, George Thomas; Schleifer, Lydia L.F. - In: Managerial Auditing Journal 14 (1999) 3, pp. 127-137
Auditors generally describe risk in terms of probabilities. Risk arises from lack of information which in turn leads to uncertainty. Since uncertainty exists when information is deficient and information can be deficient in different ways, it follows that auditors deal with different types of...